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Trump vows to make US ‘crypto capital of the planet,’ signs GENIUS Act into law

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President Donald Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act Friday — a landmark piece of legislation that establishes federal regulations surrounding digital currency.
Ahead of signing the bill, Trump recalled how he previously vowed to make the U.S. the «crypto capital of the planet» during a keynote address during a bitcoin conference in Nashville, Tennessee, in July 2024, where he said that regulations his administration would implement would be «written by people who love your industry, not hate your industry.»
«I pledged that we would bring back American liberty and leadership and make the United States the crypto capital of the world,» Trump said Friday. «And that’s what we’ve done. And under the Trump administration, this is only going further.»
President Donald Trump delivers remarks during a signing ceremony for the «GENIUS Act» in the East Room of the White House on July 18, 2025, in Washington.
Stablecoins are a form of digital currency tied to a stable asset like gold or the U.S. dollar, which aims to keep their prices more consistent.
«Just as I promised last year, the GENIUS Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoin,» Trump said Friday. «This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.»
Included in the GENIUS Act are provisions requiring monthly public disclosure of reserve competition, as well as annual audited financial statements for issuers with more than $50 billion in market capitalization, according to the Senate Banking Committee, which spearheaded the legislation.
HOUSE PASSES BILL MAXINE WATERS DUBBED ‘A FULL-SCALE CRYPTO CON’

President Donald Trump arrives for a signing ceremony for the GENIUS Act in the East Room of the White House in Washington July 18, 2025.
The House passed the GENIUS Act Thursday by a 308–122 vote, after the measure cleared the Senate in June by a 68–30 margin.
«For far too long, America’s digital assets industry has been stifled by ambiguous rules, confusing enforcement and the Biden administration’s anti-crypto crusade,» Majority Whip Tom Emmer, R-Minn., said during a press conference on Thursday. «But President Trump and this Congress are correcting course and unleashing America’s digital asset potential with historic, transformative legislation.»
Despite the bipartisanship and support from a host of Democrats, the legislation didn’t pick up votes from all members of the president’s party.
VANCE DECLARES ‘CRYPTO FINALLY HAS A CHAMPION’ IN TRUMP WHITE HOUSE

Rep. Tom Emmer (R-MN) speaks at a rally featuring U.S. Republican Presidential nominee former President Donald Trump and Republican vice presidential nominee U.S. Sen. J.D. Vance (R-OH) at Herb Brooks National Hockey Center on July 27, 2024, in St. Cloud, Minnesota. (Stephen Maturen/Getty Images)
Twelve Republicans voted against the measure, which has attracted scrutiny from lawmakers like House Financial Services Committee ranking member Rep. Maxine Waters, D-Calif., due to conflict-of-interest concerns as Trump has promoted a digital currency called $TRUMP.
SENATE PASSES LANDMARK CRYPTO LEGISLATION AS BANKING CHAIRMAN TOUTS ‘HISTORIC DAY’
«By passing this bill, Congress will be telling the world that Congress is OK with corruption, OK with foreign companies buying influence, and OK with criminals buying Trump coins to seek pardons and beneficial treatment,» Waters said on the House floor Thursday.
In addition to the GENIUS Act, the House passed two other measures related to cryptocurrency Thursday: Digital Asset Market Clarity Act (CLARITY Act) to install some additional regulatory framework for digital assets, and the Anti-CBDC Surveillance State Act, which aims to stop the Federal Reserve from central bank digital currency (CBDC) directly to individuals and jeopardize their privacy.
Fox News’ Liz Elkind contributed to this report

Rep. Maxine Waters (D-CA) questions Treasury Secretary Scott Bessent as he appears before the House Financial Services Committee on May 7, 2025, in Washington.
INTERNACIONAL
Alemania suspende la venta de armas a Israel: fuerte condena internacional al plan israelí de tomar ciudad de Gaza

Ursula Von der Leyen: «Israel debe reconsiderar la medida»
Condena de Turquía
Más reacciones: China pide una alto el fuego
Franja de Gaza,Israel
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Inside NASA’s fast-track plans for lunar nuclear power and new space stations to outpace global rivals

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Amid significant budget cuts, NASA is fast-tracking the development of nuclear reactors on the moon and next-generation space stations with one clear objective: beating U.S. adversaries in the new space race.
Two new memos signed by interim NASA chief and Transportation Secretary Sean Duffy outline a bold strategy to secure strategic ground on the moon. The centerpiece of this effort is a lunar nuclear reactor, a renewable and stable power source to support long-term exploration.
«The goal is to power everything,» a senior NASA official told Fox News Digital. «Our systems, habitats, rovers, robotic equipment, even future mining operations — everything we want to do on the moon depends on this.»
The moon’s environment makes this a necessity. Its month-long day cycle — two weeks of daylight followed by two weeks of darknessc — renders solar power unreliable. A reactor would allow missions to function around the clock.
TRANSPORTATION SECRETARY DUFFY TO ANNOUNCE NUCLEAR REACTOR DEVELOPMENT PLAN FOR THE MOON
NASA is soliciting proposals from private firms for new commercial space stations and a lunar nuclear reactor. (SpaceX)
China and Russia set sights on the moon
NASA officials warn that China and Russia have publicly announced plans for a joint lunar nuclear project by the mid-2030s. If they succeed first, they could establish exclusive control over the moon’s most valuable areas, locations with the most light and access to water and ice.
«They could set up a ‘keep-out zone’ in the prime locations,» the NASA official cautioned.
Despite financial constraints, Duffy’s leadership signals a renewed priority to lunar and Martian exploration.
«China has already landed on the far side of the moon. We never have,» the official added. «They’re moving on a steady path to dominate this domain.»

The International Space Station will exit orbit in 2030. (Roscosmos State Space Corporation via AP, File)
New contract structure for nuclear reactor development
The new directive solicits proposals for a 100-kilowatt nuclear reactor — enough to power about 80 homes — with a target launch date of 2030. It also requires NASA to appoint a dedicated program leader.
Today, many robotic spacecraft operate at just a few watts, the equivalent of a couple of light bulbs, which severely limits scientific capabilities. While the ISS uses solar panels, that model doesn’t work on the moon or Mars, where sunlight is too weak or unreliable.
Replacing the ISS: Commercial stations on the horizon
The second memo shifts focus to replacing the aging and leaking International Space Station (ISS), which is scheduled to be retired in 2030. Without a successor, China would become the only country with a permanently crewed station in orbit.
NASA now plans to select two commercial partners within six months of issuing new requests for proposals. Under Duffy’s direction, the agency is moving away from traditional fixed-price contracts and will instead use flexible Space Act Agreements, which give companies more freedom in how they build stations while saving time and money.
CHINESE SATELLITES COMPLETE GROUNDBREAKING MISSION 22,000 MILES ABOVE EARTH
«We’re telling companies what we need,» a senior NASA official said. «But we’re not prescribing how they must do it. That flexibility saves us both time and resources.»
NASA wants the new station to be cheaper and easier to maintain than the ISS. Originally, it envisioned a platform that could host two astronauts for six months. But, under the revised plan, the minimum requirement is four astronauts for just one month.

NASA wants a new commercial space station that can house four astronauts for one-month stints. (NASA via Getty Images)
Background: The Commercial Low Earth Orbit Destination program
NASA’s Commercial Low Earth Orbit Destination (CLD) initiative, launched in 2021, was structured in two phases:
- Phase 1: Fund companies — like Blue Origin and Northrop Grumman — to design private space stations.
- Phase 2: Award contracts for building and certifying selected stations.
Duffy’s directive calls for skipping fixed-price contracts in Phase 2 and continuing with Space Act Agreements, in line with tightening budget constraints.
Budget cuts reshape NASA’s future
According to the Trump administration’s fiscal 2026 budget proposal, NASA’s overall budget would drop from $24.8 billion to $18.8 billion, a 25% cut. The Science Mission Directorate, which oversees research in planetary science, astrophysics, Earth observation and heliophysics, would face a nearly 50% reduction. However, human spaceflight programs are slated for increased funding.
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NASA has also confirmed that nearly 4,000 employees — about 20% of its workforce — have taken voluntary buyouts in recent months.
Despite these setbacks, agency officials remain optimistic.
«Multiple companies tell us they can deliver a station within two years,» one senior official said. «Timelines are always challenging, but we believe we can meet these goals — even on a leaner budget.»
nasa,air and space,spaceflight,china,politics
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Hamas endgame is ‘long-term’ and is playing out for all to see as Israel pushes deeper into Gaza

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Israel’s security cabinet overnight Thursday approved Prime Minister Benjamin Netanyahu’s proposal to defeat Hamas, including taking control of Gaza City, after the Palestinian terror group torpedoed U.S.-mediated negotiations.
However, questions remain as to what the terrorist organization’s endgame is, and if they can be fully defeated.
«Hamas is an offshoot of the Muslim Brotherhood. It is a radical jihadi organization with a written and spoken goal to annihilate the State of Israel and replace it with a Sharia-based regime,» Jonathan Conricus, former Israel Defense Forces (IDF) spokesperson and senior fellow at the Foundation for Defense of Democracies, told Fox News Digital.
«They operate according to that aim and objective. Hamas’s October 7 terror attack was part of how they planned to fulfill that goal—defeating Israel, killing all the Jews, and taking control of the area.
NETANYAHU CONFIRMS ISRAEL WILL TAKE CONTROL OF GAZA TO ‘LIBERATE’ PEOPLE FROM HAMAS
Hamas terrorists marching in Gaza during a parade. (Getty Images)
«They are strategic, calculated, and extremely cynical—but definitely not suicidal,» he added. «They may employ suicidal tactics, but their strategic aim is long-term and deliberate.»
For example, Hamas’ «starvation» campaign generated significant international pressure on Israel, leading to steps such as the IDF announcing tactical pauses in fighting and facilitating the delivery of humanitarian aid to the Gaza Strip in coordination with international partners.
In the span of a week late last month, the leaders of France, the United Kingdom and Canada announced their intention to recognize a Palestinian state, which the Israeli government denounced as a reward for terror.
In a recent interview with Al Jazeera, senior Hamas terror leader Ghazi Hamad said, «The initiative by several countries to recognize a Palestinian state is one of the fruits of October 7.»

A Palestinian flag flies as Hamas supporters take part in a rally marking the 30th anniversary of Hamas’ founding, in Gaza City on Dec. 14, 2017. (REUTERS/Suhaib Salem)
Conricus said that such recognition has emboldened them. «They’ve hardened their negotiating stance and made it clear they don’t feel the need to compromise—which, of course, has a direct impact on the lives of the Israeli hostages.»
U.S.-mediated negotiations aimed at securing a ceasefire and the release of the 50 remaining captives have stalled, with Hamas showing increasing inflexibility, according to officials familiar with the talks.
Last month, U.S. special envoy to the Middle East Steve Witkoff said Washington was weighing «alternative options» as Hamas «does not appear to be coordinated or acting in good faith.»
NETANYAHU’S SECURITY CABINET TO MEET ON GAZA WAR, AS SOME IN ISRAEL CALL TO RESETTLE ENCLAVE

Members of the Hamas terror group gather in Gaza in preparation for the release of four female hostages as part of the ceasefire deal with Israel. (TPS-IL)
Palestinian affairs analyst Khaled Abu Toameh told Fox News Digital that Hamas’s position has been clear since the start of the war: to prevent Israel from achieving its objectives of removing the terror group from power and rescuing the hostages by force.
«It’s important for Hamas to be seen as emerging triumphant. They believe they’ve reached a point of no return.
«They know the international community will place the blame on Israel as the casualty toll rises. There is no pressure on Hamas to stop,» he added.
At the end of the day, Abu Toameh said, Hamas’s long-term strategy is to ensure its continued existence so it can carry on its jihad against Israel.

This image, made from undated bodycam video footage taken by a downed Hamas terrorist and released by the Israel Defense Forces, shows a Hamas terrorist walking around a residential neighborhood at an undisclosed location in southern Israel on Oct. 7, 2023. (Israel Defense Forces via AP)
«October 7 was just another phase in this jihad,» he said. «It’s a jihad that began shortly after Hamas’s founding, when they unveiled their charter in 1988. The charter explicitly states that this land—the holy land, from the river to the sea—is Muslim-owned and will be liberated through jihad. It didn’t start with October 7, and it won’t end with October 7,» Abu Toameh warned.
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Experts say to understand the terror group is to simply look at its founding charter, which describes the «struggle against the Jews» as «very great and very serious,» requiring «all sincere efforts.» It calls the Palestinian terror group «one squadron» of a wider Arab and Islamic force that must continue fighting until «the enemy is vanquished and Allah’s victory is realized.»
world,israel,terrorism,conflicts,middle east
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